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Friday, July 5, 2013

Union Bank plans kiosk banking in Kerala

Union Bank of India, the lead bank for Ernakulam and Idukki, has proposed to start kiosk banking in the State. The bank will begin the process in Ernakulam district.

In view of the direct benefit transfer rolled out in 11 districts of Kerala from July 1, the bank is in the process of providing extensive reach of banking services through these kiosks.

The bank has already tied up with Akshaya for making Akshaya kendras as banking kiosks.

Through these kiosks, people can open accounts, make remittances and withdrawals, transfer funds from one account to another etc.

Source: thehindubusinessline


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